salesforce.com, inc. (NYSE:CRM) CEO Sells $1,846,300.00 in Stock

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salesforce.com, inc. (NYSE:CRM) CEO Marc Benioff sold 10,000 shares of the company’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $184.63, for a total value of $1,846,300.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Marc Benioff also recently made the following trade(s):

  • On Thursday, January 16th, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $181.96, for a total value of $1,819,600.00.
  • On Tuesday, January 14th, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $182.79, for a total value of $1,827,900.00.
  • On Friday, January 10th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $180.01, for a total value of $1,800,100.00.
  • On Wednesday, January 8th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $177.02, for a total value of $1,770,200.00.
  • On Monday, January 6th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $170.90, for a total value of $1,709,000.00.
  • On Thursday, January 2nd, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $165.49, for a total value of $1,654,900.00.
  • On Friday, December 27th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $165.02, for a total value of $825,100.00.
  • On Monday, December 23rd, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $163.94, for a total value of $819,700.00.
  • On Friday, December 20th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $164.53, for a total value of $822,650.00.
  • On Wednesday, December 18th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $162.47, for a total value of $812,350.00.

Shares of NYSE CRM opened at $182.75 on Thursday. The stock has a 50 day moving average price of $168.40 and a 200 day moving average price of $157.06. salesforce.com, inc. has a 52 week low of $137.87 and a 52 week high of $186.44. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a market capitalization of $164.33 billion, a PE ratio of 137.24, a price-to-earnings-growth ratio of 7.73 and a beta of 1.22.

salesforce.com (NYSE:CRM) last issued its quarterly earnings results on Tuesday, December 3rd. The CRM provider reported $0.75 EPS for the quarter, beating the consensus estimate of $0.66 by $0.09. salesforce.com had a return on equity of 5.37% and a net margin of 4.64%. The firm had revenue of $4.51 billion during the quarter, compared to analysts’ expectations of $4.45 billion. During the same period in the prior year, the firm posted $0.61 earnings per share. The business’s quarterly revenue was up 33.0% compared to the same quarter last year. As a group, research analysts forecast that salesforce.com, inc. will post 1.28 EPS for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Ballentine Partners LLC lifted its position in shares of salesforce.com by 0.7% in the fourth quarter. Ballentine Partners LLC now owns 9,098 shares of the CRM provider’s stock valued at $1,480,000 after buying an additional 64 shares during the last quarter. Bray Capital Advisors lifted its position in shares of salesforce.com by 0.3% in the third quarter. Bray Capital Advisors now owns 23,420 shares of the CRM provider’s stock valued at $3,476,000 after buying an additional 65 shares during the last quarter. Chicago Partners Investment Group LLC lifted its position in shares of salesforce.com by 4.6% in the third quarter. Chicago Partners Investment Group LLC now owns 1,472 shares of the CRM provider’s stock valued at $218,000 after buying an additional 65 shares during the last quarter. Citizens Financial Group Inc RI lifted its position in shares of salesforce.com by 21.9% in the third quarter. Citizens Financial Group Inc RI now owns 379 shares of the CRM provider’s stock valued at $56,000 after buying an additional 68 shares during the last quarter. Finally, Wealthsource Partners LLC lifted its position in shares of salesforce.com by 0.9% in the third quarter. Wealthsource Partners LLC now owns 7,869 shares of the CRM provider’s stock valued at $1,168,000 after buying an additional 70 shares during the last quarter. 80.43% of the stock is owned by hedge funds and other institutional investors.

CRM has been the subject of several recent analyst reports. Sanford C. Bernstein restated a “neutral” rating and issued a $175.00 price target on shares of salesforce.com in a report on Wednesday, December 4th. Wells Fargo & Co increased their price target on salesforce.com from $185.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Evercore ISI restated a “buy” rating and issued a $190.00 price target on shares of salesforce.com in a report on Tuesday, November 12th. Roth Capital restated a “neutral” rating on shares of salesforce.com in a report on Wednesday, December 4th. Finally, Citigroup increased their price target on salesforce.com from $185.00 to $196.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Four analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and two have given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $194.66.

salesforce.com Company Profile

salesforce.com, inc. develops enterprise cloud computing solutions with a focus on customer relationship management. The company offers Sales Cloud to store data, monitor leads and progress, forecast opportunities, and gain insights through analytics and relationship intelligence, as well as deliver quotes, contracts, and invoices.

Further Reading: Initial Coin Offering (ICO)

Insider Buying and Selling by Quarter for salesforce.com (NYSE:CRM)

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